Michael Kors
Flagship Visual Merchandiser
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Capri chairman to become Michael Kors CEO, among other leadership shifts
Luxury group Capri Holdings Limited has administered a series of shifts to the leadership team of its brand, Michael Kors. The most notable change is that its own chairman and chief executive officer, John Idol, is to assume the role of chief executive for the premium brand, a position he will officially take up from December 2, 2024. Idol will...
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Capri Holdings and Tapestry terminate merger deal
Capri Holdings Limited and Tapestry Inc. have reached an agreement to terminate their merger arrangement, Capri announced in a press release. The news comes after a judge blocked the multi-billion dollar deal. Capri and Tapestry have said they are finally pulling the plug on their multi-billion dollar deal "in the best interest of both...
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Tapestry x Capri merger blocked: What does this mean for the ‘accessible’ fashion market?
On Thursday, October 24, a US judge opted to block Tapestry’s attempt to buy competitor Capri Holdings, with “loss of head-to-head competition” cited as the reasoning. The case, first brought forward in a lawsuit by the Federal Trade Commission (FTC), became high profile due to its involvement of notable executives and the fact that the merger...
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